Payment Gateway

A payment gateway is a service that processes credit and debit card transactions for online businesses. When you make a purchase online, the payment gateway securely collects your payment information and sends it to the bank for approval. It acts as a bridge between the customer, the business, and the bank, ensuring that transactions are safe and efficient. After approval, the gateway confirms the payment back to the business, allowing you to receive your purchase. Essentially, it facilitates the financial exchange during online shopping, protecting sensitive information throughout the process.